Wall Street Year-End Incentive Awards Expected To Increase Moderately, Johnson Associates Analysis Finds

Compensation Trends and Projections

November 2013

“Most, but clearly not all, Wall Street professionals should expect to deposit modestly larger
payouts this season,” said Alan Johnson, managing director of Johnson Associates and one of
the nation’s foremost authorities on Wall Street compensation. “This year is shaping up to be a
relatively strong one for the asset and wealth management industries. However, ongoing cost
cutting initiatives across the financial services industry, combined with continued uncertainty and
an uneven economic recovery are keeping incentives somewhat in check. All eyes will be on the
fourth quarter results, which could impact actual payments one way or the other.”